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Sat 21 Mar 2015 02:20 AM

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US giant GE to invest $100m in new Saudi initiatives

Investments aims to build innovation capacity, create jobs in advanced manufacturing and software analytics in Saudi Arabia

US giant GE to invest $100m in new Saudi initiatives
(Image: GE website)

US industrial giant GE has announced plans to invest $100 million in new programmes that will further the company's localisation efforts, build innovation capacity, and create jobs in advanced manufacturing and software analytics in Saudi Arabia.

This new investment adds to GE's $1 billion commitment over the past three years in the Gulf kingdom, it said in a statement.

The research and manufacturing programs will aim to enhance the energy efficiency and sustainability priorities of the country.

In manufacturing, GE will expand its facilities in Saudi Arabia with the production of GE's HA gas turbines - the world's largest and most efficient gas turbine - at GE Manufacturing Technology Centre in Dammam.

The Oil & Gas facility in Dammam will include the manufacturing of wellheads while GE is also planning a first of its kind regional LED manufacturing facility.

In R&D, the announcement places the Saudi GE Innovation Centre in Dhahran Techno Valley at the heart of the company's technology innovation ecosystem.

New programmes include a 'Hot & Harsh' Global Research & Development Programme, a Software & Analytics 'Industrial Internet' Lab, a GE 'in Saudi for region' hub for energy efficiency technology development as well as a monitoring and diagnostics centre at GE Manufacturing Technology Centre.

Jeffrey Immelt, GE chairman & CEO said: "We are proud to work with our partners to co-create solutions that will find application both in Saudi Arabia and globally.

"We believe that future skill-sets demand strong capability in both software and hardware; and we are committed to delivering that to our Saudi workforce and our ecosystem of partners, such as Saudi Aramco and Saudi Electricity Company, as well as SMEs."

With a presence of over 80 years, three offices and seven facilities, Saudi Arabia accounts for the largest GE workforce in the Middle East with over 1,600 employees.

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